Husebye: A Contrarian's View of the Markets [View article]
after depegging from gold, stocks never went down more than 50% again because of the money printing.
liquidity floats all boats.
all said, i'm more confident about gold than stocks.
this guy is predicting that gold is likely to see 700, which shows that he doesn't have a whole picture of what's going on.
let's focus on dow/gold ratio. it is 9 right now, it'll go down to 2 or 1.
my guess is when dow/gold ratio of 1 or 2 happens, dow will be in the 10000-14000 range and gold will be in the 5000-10000 range. because when inflation hits, bond will collapse and liqudity will chase after stocks as well.
one can pump more air into a leaking balloon while the leaking air goes into hard assets like gold.
Weekly Recap: Is the U.S. Going Bankrupt? [View article]
technicals can go to very extremes for extended period of time. we're facing unprecendented situations. black swan if you will.
the upside in gold(gold miners) is so big that we shouldn't be worried any short term corrections if any.
the gold miners have underperformed gold but also put them right at the sweet spot now, meaning there's not much downside as long as gold stays above 1050 and they're fully levered to the rise of gold price.
Unemployment: It's Even Worse than You Think [View article]
the USA and China are acting together to keep the wage levels high in the USA and wage levels low in China, which will keep unemployment high in the USA and the employed slaves in sweat shop in china work their asses off.
the USA will keep losing jobs until the wage levels are equalized across the pacific.
The Coming Economic Collapse, Part 2 [View article]
it is such a horrible pity that the "greatest democratic" country elects the same batch of fools again and again because the constituents are misguided by the wrong notion of democracy!
a true democracy cannot exist when the someone has the supreme power of money printing, through which this someone controls everybody's economic activity!
restore the power of money printing to the people(going back to gold standard), ensure a fair, open and liberal market place, throw out all entitlements and benefit programs, make the market, the people in control of their own lives.
we don't need the government to tax(force) us to help the poor and needy. we can/should do this voluntarily. minimum income tax to fund a government that maintains the essentials of a society and nothing beyond that!
we don't need the government to help us (mis)manage our retirement fuding. we can do this through our own savings that don't get eroded by constant inflation(with a currency backed by gold).
a hundred years of social experiment based on keynesian theory(government intervention) has failed miserably!!
by comparison, in physics, an experiment could finish in nanosecond. thus we all honor einstein.
in social science, we've followed the wrong man.
i recommend everybody to study the austrian school of economics founded by ludwig von mises! he's the unknown einstein in economics. he predicted this miserable outcome of government intervention a long long time ago, but nobody listened. no bureaucrats would listen of course!!!
amen to american people! wake up, american people! the world need you to stand up and lead the civilization into the right direction! a catastrophe is also an opportunity! we need a true leader, not obama!
cheap chinese/asian labor is the disruptive force in the free markets. the chinese govt kept the wages very low squeezing out virtually all the other competitors.
this is the very contrary to what hoover did in the great depression by keeping wages at artificially high levels.
but both intervention killed off free market's self correcting self healing mechanism.
Roubini and Other Doomsayers Will Be Proven Wrong [View article]
professor, if you truly believe in your world currency unit proposal, you'd probably know we do need one now to replace the dollar before this crisis can pull itself out of the abyss.
chan, you are trying to be smarter than mortals. you want to time your gold trade? how can you be so sure that you can buy gold cheaper than now sometime in the future?
you need to re-examine some hard facts and numbers before you opine your modest ideas about gold, which all of central banks hold as strategic assets.
from what i can tell so far, you only touched the surface what gold really is.
Husebye: A Contrarian's View of the Markets [View article]
liquidity floats all boats.
all said, i'm more confident about gold than stocks.
this guy is predicting that gold is likely to see 700, which shows that he doesn't have a whole picture of what's going on.
let's focus on dow/gold ratio. it is 9 right now, it'll go down to 2 or 1.
my guess is when dow/gold ratio of 1 or 2 happens, dow will be in the 10000-14000 range and gold will be in the 5000-10000 range. because when inflation hits, bond will collapse and liqudity will chase after stocks as well.
one can pump more air into a leaking balloon while the leaking air goes into hard assets like gold.
Weekly Recap: Is the U.S. Going Bankrupt? [View article]
the upside in gold(gold miners) is so big that we shouldn't be worried any short term corrections if any.
the gold miners have underperformed gold but also put them right at the sweet spot now, meaning there's not much downside as long as gold stays above 1050 and they're fully levered to the rise of gold price.
The Collapse of Effective Demand [View article]
the reversal of fortunes between china and usa will be the most spectacular.
Unemployment: It's Even Worse than You Think [View article]
the USA will keep losing jobs until the wage levels are equalized across the pacific.
Sentiment Overview: A Scarcity of Bulls [View article]
The Coming Economic Collapse, Part 2 [View article]
a true democracy cannot exist when the someone has the supreme power of money printing, through which this someone controls everybody's economic activity!
restore the power of money printing to the people(going back to gold standard), ensure a fair, open and liberal market place, throw out all entitlements and benefit programs, make the market, the people in control of their own lives.
we don't need the government to tax(force) us to help the poor and needy. we can/should do this voluntarily. minimum income tax to fund a government that maintains the essentials of a society and nothing beyond that!
we don't need the government to help us (mis)manage our retirement fuding. we can do this through our own savings that don't get eroded by constant inflation(with a currency backed by gold).
a hundred years of social experiment based on keynesian theory(government intervention) has failed miserably!!
by comparison, in physics, an experiment could finish in nanosecond. thus we all honor einstein.
in social science, we've followed the wrong man.
i recommend everybody to study the austrian school of economics founded by ludwig von mises! he's the unknown einstein in economics. he predicted this miserable outcome of government intervention a long long time ago, but nobody listened. no bureaucrats would listen of course!!!
amen to american people!
wake up, american people!
the world need you to stand up and lead the civilization into the right direction!
a catastrophe is also an opportunity!
we need a true leader, not obama!
Twin Charts Separated at Birth [View article]
this is the very contrary to what hoover did in the great depression by keeping wages at artificially high levels.
but both intervention killed off free market's self correcting self healing mechanism.
Pres. Obama: Counterfeiter-in-Chief? [View article]
Roubini and Other Doomsayers Will Be Proven Wrong [View article]
The Final Market Bubble [View article]
The Final Market Bubble [View article]
you need to re-examine some hard facts and numbers before you opine your modest ideas about gold, which all of central banks hold as strategic assets.
from what i can tell so far, you only touched the surface what gold really is.
Uncle Ben Signals the End Game [View article]
if gold crashes, indians will back up the truck.